Tariff

Import Quota

Dumping

The pratice of a foreign company's exporting products abroad at a lower price than the price in the home market---or even below the costs of production --- in order to drive down the price of the domestic product

APEC (Asia-Pacific Economic Cooperation)

Mercosur (ten countries in Latin America)

is the largest trade bloc in Latin American and has four core members - Argentina, Brazil, Paraguay, and Uruguaqy, with Venezuela schedules to become a full member upon ratification by other countries --- and five associate members: Bolivia, Chile, Colombia, Ecuador, and Peru